Xeros Technology ( (GB:XSG) ) has shared an announcement.
Xeros Technology Group plc announced the granting of new share options to its CEO, Neil Austin, and Finance Director, Alexander Tristram, under the company’s 2020 Share Option Scheme. This move follows the conclusion of the Group’s Remuneration Committee process for 2024 and reflects a strategic effort to align leadership incentives with company performance. The options, exercisable in tranches from 2026 to 2028, represent approximately 8.4% of the company’s total issued share capital, indicating a significant commitment to retaining key management personnel and potentially enhancing shareholder value.
More about Xeros Technology
Xeros Technology Group plc is a company that has developed patented technologies aimed at reducing the environmental impact of clothing production and care. Their technologies focus on improving efficiency and sustainability in industrial and domestic laundry and garment manufacturing. Xeros generates revenue through licensing its technologies and has agreements in place across various sectors, with significant market potential in microfibre filtration, laundry care, and garment finishing.
YTD Price Performance: 213.33%
Average Trading Volume: 3,555,467
Technical Sentiment Signal: Buy
Current Market Cap: £6.12M
Learn more about XSG stock on TipRanks’ Stock Analysis page.